CLARK-RELIANCE CORPORATION 401(K) AND PROFIT SHARING PLAN
Plan Contact
- Address: 16633 FOLTZ PARKWAY,STRONGSVILLE,OH
- Contact person: MICHAEL PRESSNELL
- Phone: (440) 572-1500
Plan General Information
CLARK-RELIANCE CORPORATION 401(K) AND PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of CLARK-RELIANCE CORPORATION 401(K) AND PROFIT SHARING PLAN is $31,857,138.00.This plan was established in 2022.
CLARK-RELIANCE CORPORATION 401(K) AND PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in CLARK-RELIANCE CORPORATION 401(K) AND PROFIT SHARING PLAN is 385
CLARK-RELIANCE CORPORATION 401(K) AND PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2021, the average participant retirement account value for CLARK-RELIANCE CORPORATION 401(K) AND PROFIT SHARING PLAN is $82,745.00
CLARK-RELIANCE CORPORATION 401(K) AND PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for CLARK-RELIANCE CORPORATION 401(K) AND PROFIT SHARING PLAN is $4,536.00.
CLARK-RELIANCE CORPORATION 401(K) AND PROFIT SHARING PLAN Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in CLARK-RELIANCE CORPORATION 401(K) AND PROFIT SHARING PLAN is approximately $894.00
Investing in this additonal $894.00 for 20 years would give you extra $57,237.00, assuming a 10% annual return.
Investing in this additonal $894.00 for 20 years would give you extra $57,237.00, assuming a 10% annual return.
CLARK-RELIANCE CORPORATION 401(K) AND PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2021, CLARK-RELIANCE CORPORATION 401(K) AND PROFIT SHARING PLAN allocates $344,318.00 to match its employees' contributions, providing an employer match rate of 19.71% of their contributions
CLARK-RELIANCE CORPORATION 401(K) AND PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of CLARK-RELIANCE CORPORATION 401(K) AND PROFIT SHARING PLAN is 2.74%.
CLARK-RELIANCE CORPORATION 401(K) AND PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for CLARK-RELIANCE CORPORATION 401(K) AND PROFIT SHARING PLAN is 5.49%. This measures the effectiveness of the plan participants' investments in the year.
CLARK-RELIANCE CORPORATION 401(K) AND PROFIT SHARING PLAN Expense Ratio
In 2021, the investment and administrative expense ratio of CLARK-RELIANCE CORPORATION 401(K) AND PROFIT SHARING PLAN is 0.24%.
Enrollment Features
CLARK-RELIANCE CORPORATION 401(K) AND PROFIT SHARING PLAN has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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